Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital for driving ecosystem growth.
Ethereum co-founder Joseph Lubin said ETH treasuries are crucial for the development of the Ethereum ecosystem.
During an interview with CNBC on Tuesday, Lubin said that a large amount of Ether (ETH) is in circulation, but there is insufficient activity to utilize it. He cited this as the reason he is involved in building the Ethereum treasury company SharpLink Gaming, where he serves as chairman.
Lubin said Ether treasuries are “a great business to run.” He also said that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.”
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments